“We expect quite a strong rebound in CIP this financial year and that will take it to where it was when we bought in," Mr Harrison said.

“[CIP] stayed profitable throughout the global financial crisis, when a lot of others didn’t – it’s been quite remarkable.

“I think [CIP] really is one of only three truly national developers alongside Goodman and Australand.

CIP’s presence in the industrial development space has earned it recognition as one of the more cost-efficient builders and as such continues to build for competing developers. “We have our own architects and engineers so we can design our own product," Mr McKenna said.

“It think we tend to get quite a lot of efficiency on our pricing so we can get a lower cost on delivery."